SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Trading 1.5% Higher - Time to Buy?

Key Points

• SmartCentres Real Estate Investment Trust's shares increased by 1.5%, trading at $18.91 with a significant 198% increase in trading volume compared to average sessions.
• The company has a debt-to-equity ratio of 0.68 and declared a dividend of $0.1124 with a very high yield of 715.0%, despite a payout ratio exceeding 100%.
• SmartCentres operates a large portfolio in Canada, featuring 191 properties with 98.5% occupancy and total assets valued at approximately $12 billion.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report)'s share price traded up 1.5% during mid-day trading on Friday . The stock traded as high as $18.92 and last traded at $18.91. 67,370 shares were traded during mid-day trading, an increase of 198% from the average session volume of 22,642 shares. The stock had previously closed at $18.63.

SmartCentres Real Estate Investment Trust Price Performance

The company has a 50 day moving average price of $18.76 and a 200-day moving average price of $18.17. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.68. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 15.58 and a beta of 0.90.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.1124 dividend. This represents a dividend yield of 715.0%. The ex-dividend date of this dividend is Thursday, July 31st. SmartCentres Real Estate Investment Trust's payout ratio is currently 109.84%.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.